This Morning: Amazon Targets Rising, RIMM Rises into BB10 Unveiling

By Tiernan Ray

Here are some things going on this morning in your world of tech:

Shares of Amazon.com (AMZN) are up $21.27, over 8%, at $281.62
following last night’s Q4 report, which missed analysts expectations, and a weaker than expected Q1 outlook. Price targets are going up all around this morning, as many analysts cite what they believe to be “increasing leverage in the model,” as one put it.

Topeka Capital’s Victor Anthony, reiterating a Buy rating and raising his price target to $360 from $350, writes that “Amazon is experiencing a structural shift in its margin profile led by rising third party sales, growing digital content sales, leverage on shipping costs, and an increasing mix of advertising revenues.”

“We continue to view the model as transformational driven by continued e-commerce share gains, AWS, and a mobile strategy driven by the Kindle devices. Amazon is a must-own stock for growth-focused portfolios.”

Shares of Apple (AAPL) are down 72 cents at $458.99 after U.S. District Judge Lucy Koh late yesterday rejected the company’s claims pertaining to its $1 billion victory against Samsung Electronics (005930KS) that Samsung’s infringement of Apple’s smartphone patents was willful, thereby depriving Apple of what might have been treble damages, as reported by Bloomberg’s Joel Rosenblatt.

Samsung shares rose 2% overnight in Seoul trading to ₩1,440,000.

Guests are settling in at the reception hall at Pier 36 on Manhattan’s Lower East Side, where Research in Motion (AAPL) this morning will debut its BB10 operating system upgrade to the BlackBerry. I’m at the event, but you can also follow along via live webcast, which you can find here. RIMM stock is up 57 cents, or 3.6%, at $16.23.

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There are 11 comments

JANUARY 30, 2013 10:05 A.M.

Rob wrote:

Judge Lucy hasn't a F clue and with all this time wasted, she let Samsung steal and sell Apple's patents and screwed Apple in the process. $1B is petty cash for Samsung who is laughing at the US Justice system. Samsung will take this punishment everyday of the week as long as they can continue to steal and increase market share at Apple's expense. They did not willing steal Apple's patents. Hey Judge, have enough drink!

JANUARY 30, 2013 10:09 A.M.

Peter wrote:

This ruling makes the US Justice System for Patent Protection Laughable. This is no reason for filing Patents anymore and spending millions in court fees defending such patents. This decision is a disgrace and now others will follow Samsung's tactics of stealing and selling becuase the punishment is paenuts compared to what the benfits are for steaking and selling. Apple probably spent more in legal/court costs than the measley $1B that Samsung has to pay. God Bless Steve Jobs and God Bless America.

JANUARY 30, 2013 10:29 A.M.

Ollie wrote:

It's too bad Apple has a lame duck CEO in Cook. The stock is going nowhere as long as Cook is the CEO.

JANUARY 30, 2013 10:52 A.M.

Anonymous wrote:

Dear Judge Lucy Koh

Please explain for us:
What would Samsung have to do to be convicted of willfully stealing from Apple??

D'uh.

Media. Go get her!!

JANUARY 30, 2013 10:54 A.M.

Fred wrote:

The Rimm comedy show is over. Go back to sleep.

JANUARY 30, 2013 10:58 A.M.

Sue wrote:

Amazon, Netflix, and RIMM all built on sand and they are going to crash and crash hard very quickly. The big boys made their millions on these foolish run ups and earnings that were insanely bad, and now they will sell and get their clients out. Do not let them leave you holding the bag. Get the F out now and buy the only company that had earnings deserving of your hard earned money and that is Apple.

JANUARY 30, 2013 12:54 P.M.

haha wrote:

Hey Sue, you bought APPLE @ 650 Didn't you? and they told you it was going to 1000? Hahahah I bought Rimm at 9 bucks sold it at 17.64 to be exact. A nice summer a head for me. Hahah poor Sue. Keep waiting though Aplle may come up with a even bigger/thinner phone. With the good OLD OS that you love.

JANUARY 30, 2013 1:04 P.M.

Mirra Amin wrote:

Love the new name love the new phone! bought 1000 shareas this morning. I think the stock will be in 20s soon. My sisters and i are all switching to Blackberry from Iphone.

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.